Mori Hills REIT Investment Corporation concluded the following borrowings. Purpose of Borrowings: To be used as refinancing of JPY 800 million in long-term loans payable due August 31, 2022. Details of Borrowings: Lender: The Nishi-Nippon City Bank, Ltd; Borrowing amount: JPY 800 million; Interest rate: Base interest rate +0.400%; Scheduled drawdown date: August 31, 2022; Repayment date: August 31, 2032; Method of repayment: To be repaid in full on the principal repayment date; Collateral: Unsecured/Unguaranteed.